Restaurants Stocks Worried About Consumers?
Restaurants have outperformed the rest of the retail space for the last couple of years. Driving that strength was consumers getting out of their houses, shifting their discretionary spending from goods to experiences as they “revenge spent” their way back into the world. 💸
But now, as the job market weakens and student loan repayments begin, some analysts expect consumer spending to be impacted. That could hurt discretionary sectors across the board, especially if inflation remains elevated.Â